Business

TuSimple Stock Plummets as Self-Driving Start-Up’s CEO Is Removed


Shares of the self-driving truck expertise firm


TuSimple


are tumbling as buyers weigh a shock administration change.

Monday,


TuSimple


(ticker: TSP) said it has terminated CEO Dr. Xiaodi Hou as a result of a seamless investigation by the audit committee of the board of administrators led the board to conclude {that a} change of CEO was wanted, the corporate mentioned. Dr. Ersin Yumer, 


TuSimple


 govt vp of operations, will function interim CEO whereas the corporate searches for a brand new chief govt.



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